Our Story

Focused on Growth

La Mancha was created in September 2006 following the merger of the gold assets of AREVA NC, a large French multinational, with the exploration properties held by La Mancha Resources Inc., a Canadian-based gold exploration company. The transaction instantly created a gold producer with two mines in Africa and two advanced projects in Australia.
In 2007 and 2008, we invested in upgrading our African mines and putting the Frog's Leg mine into production, which we achieved in May 2008. We also began exploring the volcanic massive sulphide potential of our Sudan asset.

In 2009, our efforts were rewarded as the Frog's Leg mine production grew and an initial Inferred resource of 2 million ounces of gold was outlined at our VMS project in Sudan. We also showed that the White Foil mine was feasible, and prepared it to enter production in 2010.

In 2010, we started up our fourth mine, White Foil, and boosted output at Frog's Leg by nearly 44%. We also completed our planned upgrades at our African mines, optimizing our processing circuits at the Hassaï mine and building new heap leach pads at the Ity mine. Most important, we reported a positive economic study for the VMS project in Sudan. Overall, we produced nearly 123,000 ounces of gold in 2010, and we expect to produce up to 135,000 ounces in 2011.

Today, La Mancha is entering a new stage in its history. We are beginning to develop the VMS project to take us to a new level, to become an intermediate producer at 200,000 ounces of gold per year by 2013 and 350,000 ounces by 2015.

Timeline

2011

In 2011, we expect to generate up to 135,000 ounces of gold at an average cash cost of $671 per ounce, with our Australian mines continuing to steadily generate the majority of our output. We are moving rapidly into Phase I of the Hassaï VMS project development, which involves optimizing the operation by replacing the current heap leaching plant with a CIL plant which should allow to significantly extend the mine's life by allowing the 10.3 million tonnes of tailings accumulated since the mine start-up to be economically reprocessed, along with large quantities of high-grade ores not easily treatable by the current plant. Construction of the CIL plant is scheduled to begin in the second half of 2011.